Walmart Inc. is in discussions with the Tata group for a large stake purchase in the proposed super app of the salt-to-software conglomerate, two people aware of the development said. The ‘super app’ aims to create a...
Reliance Retail receives ₹7,500 crore from Silver Lake
Reliance Retail Ventures Limited, the retail business of Mukesh Ambani’s Reliance Industries Ltd, has received ₹7,500 crore from tech investor Silver Lake, the company said in a stock exchange filing on Saturday...
Competition Commission reviewing both online, offline aspects of Reliance-Future deal
India’s antitrust body will examine the online and offline aspects of the Reliance-Future Group deal – separately and together – to ascertain their effect on competition, according to an official. Reliance Retail...
Reliance raises $22.43 bn from stake sales at retail, digital arms
Reliance Industries Ltd, controlled by Asia’s richest man Mukesh Ambani, has raised 1.65 trillion rupees ($22.43 billion) over the past few months through stake sales at its digital unit Jio Platforms and its...
RIL in race to acquire UK’s Debenhams, says report
Oil-to-retail conglomerate Reliance Industries Ltd (RIL) is said to be in the race to acquire Debenhams, a British multinational retailer operating department stores in the UK with franchise stores in other countries...
Reliance Industries moves CCI for Future Group deal nod
Reliance Industries Ltd (RIL) has approached the Competition Commission of India (CCI) for approval of its deal with the Future Group (FEL). Reliance Retail Ventures Ltd (RRVL), a unit of RIL, notified the CCI proposing...
KKR picks up 1.28% stake in Reliance Retail for ₹5,550 crore
Global investment firm KKR & Co. will invest ₹5,550 crore into Reliance Retail Ventures Limited (RRVL) for a 1.28% equity stake. RRVL is a wholly-owned subsidiary of Reliance Industries Ltd. The investment values...
KKR nears over $3 billion deal to buy 1-800 Contacts – Bloomberg News
U.S. buyout firm KKR & Co Inc is in advanced talks to buy contact lens retailer 1-800 Contacts for more than $3 billion from investment firm AEA Investors, Bloomberg News reported on Tuesday, citing people familiar...
Czech billionaire Kretinsky ups bet on retail with Sainsbury’s stake
Czech billionaire Daniel Kretinsky has built a 3.05% stake in J. Sainsbury to become the UK supermarket group’s fourth-largest shareholder, expanding a portfolio of retail investments that also includes...
Ambani puts Carlyle, SoftBank on waiting list for Reliance Retail stakes
Investor demand for Reliance Industries Ltd.’s retail business is so strong that Carlyle Group Inc. and SoftBank Group Corp. are among those that have been put onto a waiting list, according to people familiar with the...
Why Walmart still wants in on the TikTok deal
Walmart Inc said it is pressing ahead with its goal to invest in TikTok as Oracle Corp takes the lead in a partnership with the Chinese video-sharing app. On Sunday, Oracle beat Microsoft Corp in the battle for the U.S...
Next Plc buys majority stake in Victoria’s Secret UK arm
L Brands Inc said on Monday British clothing retailer Next Plc would acquire a majority stake in its Victoria’s Secret UK business under a newly formed joint venture. The UK arm of L Brands’ high-end lingerie...
